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Bloomberg reported that weaker global demand may cause OAO Uralkali, the world’s largest potash producer by volume, to cut third quarter production.
Bloomberg reported that weaker global demand may cause OAO Uralkali, the world’s largest potash producer by volume, to cut third quarter production.
Mikhail Stiskin, an analyst at Troika Dilaog, stated:
The strength in agricultural commodities has not yet filtered through to a firmer supply demand balance in potash, and there are indications the underlying market remains pretty soft.
It is becoming increasingly obvious that Uralkali may not be able to maintain its production volumes at the level of the second quarter when it produced 2.9 million tons operating at full capacity.